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BB Societe BIC SA

64.90
-0.90 (-1.37%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Societe BIC SA EU:BB Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.90 -1.37% 64.90 64.90 65.00 66.10 63.90 65.30 42,079 16:35:24

BIC Agrees to Sell French Headquarters for EUR175 Million

09/11/2020 5:54pm

Dow Jones News


Societe BIC (EU:BB)
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By Cecilia Butini

 

Societe BIC said Monday that it has signed an agreement to sell its headquarters in Clichy-La-Garenne, France, to BNP Paribas Real Estate and Citallios for 175 million euros ($207.8 million).

The French company, which makes lighters, stationary and razors, said the sale represents approximately EUR169 million in gross capital gain and expects it be complete in the first quarter of 2021.

BIC will move its headquarters to a new location in Porte de Clichy, France, with relocation of team members expected in the second quarter of 2022, it said. The technologies team will move to the company site in Montevrain, France.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

November 09, 2020 12:39 ET (17:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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